Macro Analysis /
GlobalEM sovereign bond issuance rose again in June amid market sell-off
Sovereign issuance rose another 11% in June to US$8.2bn, although overall activity is still subdued
It brings total EM hard currency sovereign bond issuance to US$58bn ytd, some 55% of the same period a year ago
EM bonds had their worst month since the pandemic (-6% total return in June, -20% YTD) as the global rate shock hit
Stuart Culverhouse
Chief Economist & Head of Fixed Income Research @ Tellimer Research
5 July 2022
Published byTellimer Research
